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AM Best Affirms Excellent Ratings For China’s Ping An P&C

KUALA LUMPUR, May 19 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Ping An Property & Casualty Insurance Company of China Ltd (Ping An P&C), with a stable outlook for both ratings.

Ringgit Slips Against US Dollar On Cautious Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, May 16 (Bernama) -- The ringgit closed lower against the US dollar on Friday as cautious sentiment on the local note offset a weaker greenback following softer economic data in the United States.

Pinnacle Life Receives Positive Credit Ratings From AM Best

KUALA LUMPUR, May 16 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of New Zealand’s Pinnacle Life Limited (Pinnacle Life).

Asuransi Tokio Marine Indonesia’s Credit Ratings Affirmed By AM Best

KUALA LUMPUR, May 16 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of PT Asuransi Tokio Marine Indonesia (TMI).

AM Best Affirms Vietnam National Reinsurance Corporation Credit Ratings 

KUALA LUMPUR, May 9 (Bernama) -- AM Best has affirmed the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb+” (Good), and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of Vietnam National Reinsurance Corporation (VINARE), with a stable outlook.

Proton Returns To Singapore With e.MAS 7 Showcase At The Car Expo 2025

KUALA LUMPUR, May 3 (Bernama) -- Proton Holdings Bhd (Proton) is returning to Singapore with its first electric vehicle (EV), the Proton e.MAS 7, which will be available for a special public preview at The Car Expo 2025 this weekend. 

Tower’s Credit Ratings Affirmed By AM Best

KUALA LUMPUR, April 29 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of "a-" (Excellent) of New Zealand’s Tower Limited (Tower), with the outlook for both credit ratings (ratings) assessed as stable.

IGB REIT 1Q Net Profit Rises To RM106.58 Mln

KUALA LUMPUR, April 23 (Bernama) -- IGB Real Estate Investment Trust (REIT) posted a higher net profit of RM106.58 million for the first quarter ended March 31, 2025 (1Q 2025) from RM99.61 million in 1Q 2024. 

Sidra Capital Unveils Shariah-Compliant Fund For Australian Mining And Energy

KUALA LUMPUR, April 23 (Bernama) -- Sidra Capital, a global manager of Shariah-compliant alternative investments, has launched an Australian private credit investment fund focusing on the mining and energy sector in the country.

TMD Energy Debuts On NYSE American, First Malaysian Bunker Supplier To Do So

KUALA LUMPUR, April 22 (Bernama) -- Integrated marine bunkering services provider TMD Energy Ltd began trading on the NYSE American under the ticker symbol “TMDE”, becoming the first Malaysian marine bunker supplier to list on a major US exchange.

Bank Muamalat Becomes First ASNB Agent To Offer ASNB Wakaf Services

KUALA LUMPUR, April 22 (Bernama) -- Bank Muamalat Malaysia Bhd has become the first Amanah Saham Nasional Berhad (ASNB) agent to serve as a distribution channel for ASNB Wakaf services.

Paradigm REIT Signs Underwriting Deal For Main Market Listing

KUALA LUMPUR, April 22 (Bernama) -- Paradigm Real Estate Investment Trust (Paradigm REIT), a local real estate investment trust, has signed an underwriting agreement with three investment banks ahead of its proposed listing on the Main Market of Bursa Malaysia.